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Respiratory Disease Vaccine Market Trends

  • Report ID: GMI10115
  • Published Date: Jul 2024
  • Report Format: PDF

Respiratory Disease Vaccine Market Trends

The respiratory disease vaccine industry has seen significant growth driven by recent technological advancements that have improved vaccine efficacy, delivery methods, and production capabilities.

  • One major advancement is the development of novel vaccine platforms, such as mRNA vaccines, which have gained prominence due to their ability to rapidly produce vaccines against respiratory pathogens like influenza and COVID-19. These platforms offer advantages such as faster development timelines, scalability, and potential for targeted modifications to enhance immune response.
     
  • Additionally, the use of adjuvants and delivery systems to improve vaccine effectiveness is helping to boost the immune response to vaccines, allowing for lower doses and fewer administrations, while delivery systems like microneedle patches and inhalable vaccines offer non-invasive and convenient alternatives to traditional injections.
     
  • For example, the use of microneedle patches for influenza vaccines has shown promising results in clinical trials, offering painless administration and improved stability of the vaccine.
     
  • Furthermore, advancements in manufacturing technology have streamlined vaccine production processes, enabling quicker scale-up and distribution. Cell-based and recombinant technologies are increasingly being used for vaccine production, reducing reliance on egg-based methods and providing more flexibility in responding to emerging respiratory threats.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Respiratory disease vaccine industry size was USD 65 billion in 2023 and will depict 4.1% CAGR from 2024 to 2032, owing to the rising incidence of respiratory infections like influenza, COVID-19, and pneumococcal diseases.

The COVID-19 segment recorded 30.8% of the market share in 2023, attributed to the global demand for effective vaccines to combat the pandemic, government initiatives and substantial funding for mass vaccination campaigns.

North America respiratory disease vaccine industry size was USD 20.6 billion in 2023, driven by the advanced healthcare infrastructure, high vaccination coverage rates, strong government initiatives and funding for immunization programs.

Key firms operating in the respiratory disease vaccine industry are AstraZeneca, Emergent BioSolutions Inc., GSK plc., Johnson & Johnson Services, Inc., Merck & Co., Inc., Novavax, Pfizer Inc., Sanofi SA, Serum Institute of India Pvt. Ltd., and SINOVAC, among others.

Respiratory Disease Vaccine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 252
  • Countries covered: 23
  • Pages: 135
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